UNDERSTANDING INSURANCE
Insurance plays an important part in our lives, but it can be difficult to understand how premiums are costed, how insurance companies rate risk and how to reduce the chance of accidents happening in the home, on the road and in the workplace.
The following tools have been developed by IAG to assist in increasing understanding about insurance.
- how insurance works;
- different types of insurance;
- what is a risk, a claim and a premium;
- an overview of the insurance industry;
- financial aspects of insurance;
- ways to reduce risk; and
- glossary of common insurance terms.
Insurance to the Rescue
Insurance to the Rescue is an on-line game. It is a fun, interactive way of learning more about the basics of insurance. Through a series of three scenarios, you justify, create and promote a system of insurance for a community of stranded cruise ship passengers on a deserted island. By successfully establishing the insurance system, you 'rescue' the islanders from unforeseen risk and perils.
Note: To play you will need Flash version 6+.
We are interested in getting your feedback about Insurance Basics and Insurance to the Rescue. Email insuranceeducation@iag.com.au and tell us what you think.
